The transaction marked the largest industrial trade in volume and price in the Pinellas, Tampa and Lakeland markets in the past six quarters, and included a total of 34, predominantly Class A industrial buildings.

One month after closing the deal, the new owner assigned the portfolio’s property management duties to CBRE.

Located in the Gateway and South Pinellas submarkets of the Tampa/St. Petersburg area, the portfolio includes five properties (Gateway Business Center, Gateway Business Park, Metropointe Commerce Park, Westbay Corporate Center and Joe’s Creek Industrial Park), with a total of 34 buildings. Its tenants include FedEx, Lockheed Martin, Jabil, L-3 Communications, MTS Systems, Worldpac, Digital Lightwave and Jagged Peak.

CBRE’s Debra Harrington will oversee the portfolio as General Manager on behalf of Evergreen.